If you opened a bank account around the time you got your first job and haven't really thought about it again, you're not alone. But you're likely leaving hundreds or even thousands of dollars on the table.

Many big banks offer rock-bottom interest rates on savings accounts -- the national average savings account rate is only 0.41% -- while charging monthly maintenance fees and requiring high minimum balances.

The good news is that online banks are shaking things up with high-yield savings accounts that earn 10x the national average APY, have no hidden fees, and are easy-to-use digital platforms.

If you're ready to make your money work harder for you, here's why switching to an online bank is a smart move.

Why online banks are a better deal

Online banks don't have the overhead costs of brick-and-mortar locations, allowing them to pass those savings on to customers. That means higher interest rates, fewer fees, and better perks.

Here's what makes online banks stand out:

• High-yield savings accounts -- Many online banks offer APYs of 4.00% or higher, about 10x the national average of 0.41%.
• No monthly fees -- No more paying $10-$15 a month just to keep your money in the bank.
• No minimum balance requirements -- Traditional banks often require you to maintain a high balance to avoid fees. Online banks don't.
• 24/7 access and mobile banking -- With robust apps and online tools, you can manage your money anytime, anywhere.

If you're thinking about making the switch, here are some of the best online banks currently offering top-tier rates and no fees:

How to make the switch

Switching banks is easier than you think. Follow these simple steps:

• Open your new online account. Pick the online bank that best suits your needs and apply online. Approval usually takes just minutes.
• Transfer your money. Move your funds to your new account, but keep your old account open until all transactions clear.
• Update direct deposits and bills. Make sure your paycheck, subscriptions, and bill payments are linked to your new account.
• Close your old account. Once everything is switched over, contact your old bank and officially close your account to avoid lingering fees.

Make the switch today

Sticking with a traditional bank is likely costing you money in low interest and unnecessary fees. Online banks offer better rates, fewer fees, and more convenience -- all without sacrificing security.